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Panel holds hearing on regulating private water companies; sponsors propose rate-justification review for surface-water systems
Summary
Committee heard a substitute (LC550562S) proposing oversight of private water companies that use surface water, including a requirement that companies justify rate increases over a three-year window to the Public Service Commission (PSC); hearing was informational with no committee vote.
Committee members held a hearing on a substitute to HB 449 (LC 550562S) that would apply oversight to certain private water companies that rely on surface water and would require rate-justification filings for significant increases over a three-year period.
Representative Rhodes, who presented the substitute, said the bill would affect private companies using lakes and other surface waters and would require action if a company seeks a cumulative increase of 15 percent over a three‑year period. The sponsor said the measure excludes tap fees and capital expenditures from…
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